Time to rethink how Canadian inflation is calculated: Market strategist

Time to rethink how Canadian inflation is calculated: Market strategist

June 17, 2020

Canada’s inflation rate last month was up just 0.3 per cent from April, and still showing a drop from a year ago. Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, says buying patterns have changed so dramatically during the COVID-19 pandemic that current CPI methodology is not providing a clear picture of underlying price pressures. On the Canadian economy as a whole, Schamotta forecasts GDP growth of five percent in 2021, saying Canada will be a “beacon of investment for the rest of the world.”

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